Copper on a record run: Prices breaks through $13,000 mark – Market heading for bottleneck in 2026
The copper market got off to a flying start in 2026: On Monday, benchmark futures on the London Metal Exchange (LME) climbed to around US$13,020 per tonne for the first time. This continued copper’s record rally from last year, before prices fell back into the region of around US$12,500 at the close of trading.
Copper had already experienced one of the strongest phases in its recent history in 2025. Over the year as a whole, the price rose by more than 43% – the best annual performance since 2009 – making the industrial metal classic the top performer among the base metals on the LME. New highs were marked several times, before the recent breakout above the US$13,000 mark once again underlined the dynamic.
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Copper on a record run: Prices breaks through $13,000 mark – Market heading for bottleneck in 2026
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